Kelly Brunarski




Academic Background

  • Ph.D. Ohio State University, Finance, 1992
  • M.A. Ohio State University, Finance, 1991
  • B.A. Baldwin-Wallace College, Business Administration with a concentration in Finance, 1985

Academic & Professional Experience

  • Associate Professor, Miami University (1999-Present).
  • Visiting Assistant Professor, Ohio State University (1997-1999).
  • Assistant Professor, University of Cincinnati (1991-1997).
  • Research Assistant, Ohio State University (1990-1991).
  • Teaching Assistant, Ohio State University (1985-1991).
  • Budget Analyst, The Federal Reserve Bank of Cleveland (1986-1986).

Recent Publications

  • Badgett, M. E., Brunarski, K. R. & Harman Y. S. (2018). The Termination of Employee Stock Option Plans. The Southern Business and Economics Journal.
  • Brunarski, K. R., Campbell, T. C., & Harman, Y. S. (2015). Evidence on the Outcome of Say-on-Pay Votes: How Managers, Directors and Shareholders Respond. Journal of Corporate Finance.
  • Borokhovich, K. A., Boulton, T. C., Brunarski, K. R., & Harman, Y. S. (2014). The Incentives of Grey Directors: Evidence from Unexpected Executive Deaths and Board Chair Turnover Journal of Corporate Finance.
  • Borokhovich, K. A., Brunarski, K. R., & Harman, Y. S. (2011). When Insiders are Preferred to Outsiders: The Impact of Performance and Ownership on Board Quality. Corporate Finance Review.
  • Borokhovich, K. A., Brunarski, K. R., & Harman, Y. S. (2010). Antitakeover Amendments and the Competing Incentives of Managers, Directors and Outside Stockholders. Southern Business and Economic Journal.

Areas of Expertise

  • Agency theory
  • Bank management
  • Corporate finance


Kelly Brunarski joined the Department of Finance faculty in 1999 as an Associate Professor. Her teaching and research interests center on corporate finance, agency theory and, bank management.

Before coming to the Richard T. Farmer School of Business, Dr. Brunarski was a Visiting Assistant Professor at the Fisher College of Business at Ohio State University; prior to that, she was an Assistant Professor at the University of Cincinnati.

After earning a B.A. in business administration with a concentration in finance from Baldwin-Wallace College, Dr. Brunarski completed an M.A. and a Ph.D. in finance from Ohio State University.  She has published in the Journal of Finance, the Journal of Law and Economics, the Financial Review, the Journal of Financial Research and, Corporate Finance Review.


  • FALL 2022
  • FIN 408 A MW 1:15-2:35PM, FSB 0014
  • FIN 408 B MW 2:50-4:10PM, FSB 0014
  • FIN 508 B MW 2:50 - 4:10PM, FSB 0014
Kelly Brunarski

Contact Information

Office Hours

  • MW 12:00-1:00pm
  • By appointment


* Accessible version of PDF available upon request.